๐Ÿ‡ฆ๐Ÿ‡ทArgentina Currency Is CRASHING! How Long Until We See Wheelbarrows of Cash?

in #argentina โ€ข 6 years ago


The situation in Argentina continues to escalates as the value of their currency depreciates. Itโ€™s a story that many countries in South America are encountering today including Venezuela. Nations who were once much better off are now suffering as the citizens are unable to make ends meet. The currency is quickly becoming worth less and less and that is having a devastating impact.

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โ„น๏ธSources Used in This Video โ„น๏ธ
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Argentina peso tumbles to new low despite IMF talks
https://www.ft.com/content/041a5e5e-551d-11e8-b24e-cad6aa67e23e
http://com.ft.imagepublish.upp-prod-us.s3.amazonaws.com/348578de-5528-11e8-b3ee-41e0209208ec (700ร—500)
https://www.ft.com/__origami/service/image/v2/images/raw/http%3A%2F%2Fcom.ft.imagepublish.upp-prod-us.s3.amazonaws.com%2F348578de-5528-11e8-b3ee-41e0209208ec?source=next&fit=scale-down&width=700
Argentina-Stock-Market-Capitalization.jpg (536ร—433)

Argentinaโ€™s Warning: Currency Reserves Arenโ€™t Everything - WSJ
https://www.wsj.com/articles/argentinas-warning-currency-reserves-arent-everything-1525947711
Colombia President Santos predicts Venezuela regime change | Miami Herald
http://www.miamiherald.com/news/nation-world/world/americas/venezuela/article210924834.html
1 mln people enter Colombia amid Venezuela crisis: Red Cross
https://www.yahoo.com/news/1-mln-people-enter-colombia-amid-venezuela-crisis-155732459.html
โ€˜World of Warcraftโ€™ Currency Is Now Worth 7 Times as Much as Venezuelaโ€™s Cash
https://finance.yahoo.com/news/world-warcraft-currency-now-worth-162332066.html?guccounter=1
Venezuela's once-proud oil industry is collapsing
http://money.cnn.com/2018/05/09/news/companies/venezuela-oil-industry/index.html


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ย 6 years agoย (edited)
ย ย ย ย ย We are being ruined here in Argentina, the only entry of foreign currency is for the financial market, when we have a problem of demand for money in pesos. The domestic market is devastated, there is no relative price, many companies do not sell food because there are no relative prices in the economy. The problem is not that the financial market is accepting investments for bonds, the problem is that this administration raised the exit restrictions, before you had to have the money one year, this government put it in zero days, which takes away predictability to the market . Interest rates, to keep these foreign assets interested in permanence are ridiculous, 40% interest rate in the central bank.


ย ย ย ย ย Argentina contracted 200 billion dollars in just two years, from this investment ZERO was invested in the generation of wealth.

ย ย ย ย ย The JP. Morgan was the one who lent the money to Argentina, then also, they were the ones who invested in these bonds of extraordinary deals. Who were the winners of this financial speculation? Double gain The connection is clear. The bank usurer, this time on the side of those who should agree on the terms of these contracts. What is happening today in Argentina is a case of a scam worthy of a Netflix series.

Hey, good article. I'm a yanqui expat living in Buenos Aires.

Late yesterday (Friday 11/5) afternoon, the official rate pf the peso touched 24.30, and I heard from some people that the cuevas in Cordoba were asking as high as 25 from those seeking to buy dollars. Panic is in the air, and I doubt it will be getting better any time soon.

In the 1970's early 1980's Argentina's currency also suffered a crazy devaluation, they had a 1 million peso bank note. This happened in a lot of South American countries during these years I remember seeing a picture of a Bolivian who is shopping and she has a helper who is carrying a sack full of banknotes for her purchases.

i guess,it is happening worldwide.

Here is worst, peso crash like 25% in a month with the Central Bank burning reserves in dollars to stop the free dolar floatability. like 30 billion dolars in a month in reserves burning,

Its SCARY how ZOMBIED ๐ŸงŸโ€โ™€๏ธ๐ŸงŸโ€โ™‚๏ธ The population is โ“But most of South America is controlled by the ROTHSCHILD mafia so you have to expect a socialist type of mind waiting around for the government to give them something . But donโ€™t feel sorry for them living in some of the richest soils on planet earth with weather that will allow growing for most of the year , and not to mention the largest oil reserves on this side of the planet ๐ŸŒŽโ—๏ธ But you had to eat your pets โ‰๏ธ WOW talk about meat puppets . I donโ€™t feel shit for them .๐Ÿคจ If we were allowed to grow our own food and cultivate the soil responsibly to feed ourselves and our children Iโ€™m sure we could reduce poverty here in the USSA . But with regulations and more government intervention into being self sufficient in some subdivisions with an association committee, or as I like to call them The Communist Committee. They can tell you what to do including DO NOT GROW FOODS . They say it invites pest โ“๐Ÿคจ Keep in mind these are owned , not rented homes and ๐Ÿก town home . Well the bank might own them , but you get what I mean . Argentina ๐Ÿ‡ฆ๐Ÿ‡ท is BIG TIME vassal state . Donโ€™t feel shit for those commies either . More ROTHSCHILD meat puppets . If they only knew how valuable they really were . Thanks for the info . ๐Ÿ‘๐Ÿ‘

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